Post
Topic
Board Securities
Re: [NastyFans.org] NASTY MINING | NASTY POOL
by
smooth
on 23/12/2013, 19:28:18 UTC
We are in a risky situation.  If we get another 10 bagger in the next 6-12 months, the 315 Bitcoins owing will be millions in fiat.  Shocked

If we get another 10 bagger, we will all be very happy, both with respect to NASTY FANS and, I suspect, our other activities (in many cases for people in this group). You are looking (myopically I would argue) at the debt as one small piece of a much bigger picture.

Quote
What's the seat price going to do when NastyFanClub owes 1.6 million in Bitcoins?

I think its entirely plausible the seat price will do very well. We have incoming capacity that is several times the existing capacity. If BTC does another 10x in the near future that capacity will produce millions of dollars worth of BTC. Yes the difficulty would eventually adjust to the price rise but that takes time. At present ASIC orders are already months behind production capacity. No matter how much people may want to mine more, it just isn't possible.